Remember the 2008 financial crisis and the “dark financial arts” that caused it? Cathy O’Neil, Time reports, sees parallels between those calamitous days and the use of big data today. In her new book, “Weapons of Math Destruction,” O’Neil, a Harvard-trained mathematician who used to ply her talents on Wall Street, argues that, the “discriminatory and even predatory way in which algorithms are being used in everything from our school system to the criminal justice system is really a silent financial crisis.” To solve the problem, O’Neil has proposed a Hippocratic Oath for mathematicians and a host of regulatory reforms. Editor’s Note: O’Neil will deliver a keynote address at the Privacy. Security. Risk. conference in San Jose, California, Sept. 13-16.
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